Theodore A. Andros and Joan B. Andros - Page 1

                                T.C. Memo. 1996-133                                   


                              UNITED STATES TAX COURT                                 


               THEODORE A. ANDROS AND JOAN B. ANDROS, Petitioners v.                  
                   COMMISSIONER OF INTERNAL REVENUE, Respondent                       


               Docket No. 28208-89.            Filed March 18, 1996.                  


               Stewart Allen Smith, for petitioners.                                  
               Lawrence Davidow and Roland Barral, for respondent.                    


                     MEMORANDUM FINDINGS OF FACT AND OPINION                          

               JACOBS, Judge:    Respondent  determined  deficiencies  in             
          petitioners' Federal income taxes for 1976 and 1980 in the                  










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